Categories: Economics WAEC

Which of the following are intermediate products?

A. Cement and steel
B. Furniture and shirt
C. Handkerchief and shoe
D. Table and door

Correct Answer:

Option A – Cement and steel

Explanation

Intermediate goods are products that are used in the production process to make other goods or further production. Cement and steel from option A above are examples of intermediate goods, as they are used in building and construction.

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